In early Tuesday trading in the Far East, gold didn’t do much of anything until shortly before 11:00 a.m. in the morning in Hong Kong. From that point, gold got sold off about $8 in an hour. Not a lot, but a pretty big move for the usually quiet Far East market. As it turned out, that was the low for world gold for the day. A quick retest of that price at 3:00 p.m. in Hong Kong…and gold was on its way higher…and the US$ much lower. This lasted through London trading, but ran into the usual brick wall at the Comex open in New York. Once the London p.m. gold fix was in at 3:00 p.m. [10:00 a.m. in New York]…down went the price.

This didn’t last long, and minutes before London closed for the day, a rally began that lasted almost until the end of Comex trading…and

On Wednesday, leading stocks started to sell off, but you wouldn’t know it from the action in the indexes. The selling continued Thursday, and it hit the indexes as well. And then on Friday, the indexes were up (led by financial and energy stocks) while leading stocks were down again. It was pretty much a carbon copy of Wednesday — while the indexes were up, the big money was selling the leaders.

At All About Trends, the action in leading stocks — stocks that have delivered solid returns during this rally — is what we use to gauge the health of the market. That’s because in order for the market to continue to advance, the leaders must lead the market higher. And lately, those stocks have struggled — just look at AMZN, SNDA, NFLX, BWLD, JOSB.

That said, it’s not surprising to us to see what’s happening

The gold price declined slowly…in fits and starts…all through Far East trading…until shortly before lunchtime in London [7:00 a.m. in New York]. From there, a smallish rally began which really picked up steam shortly before the Comex opened at 8:00 a.m. The usual not-for-profit seller showed up at 8:30…which was the high tick for the day…and that, as they say, was that. From there, gold gave up[?] almost all its gains for the day and closed up $2.30 on the spot price from Thursday’s close. Here’s the Kitco chart that shows the New York activity only…from 8:00 a.m. until 5:15 p.m. Note the capping of the price at 8:30…and the point where the bullion banks pulled their bids at the London p.m. fix [10:00 a.m.].

As I’ve said many times, and I’ll say it again…NO PROFIT-MAXIMIZING SELLER ever sells like this…EVER! This is price management pure and simple…just like Thursday.

The Mexican government is investing $1.5 billion in a stretch of Mexican coast. This is a real estate opportunity you could profit from.

Infrastructure improvements are one of the biggest drivers of overseas real estate values. I’m talking airports, roads, bridges, and cruise ship ports. Anything that improves the accessibility of a piece of real estate makes it more desirable.

The development of a viable tourism infrastructure also drives values. Golf courses, hotels, man-made beaches, boutiques, restaurants, and marinas all bring visitors. Visitors spend money, which creates jobs. And jobs in turn heat up real estate values. Of course, it helps if the infrastructure improvements happen in a place with a great climate and a short flight from major affluent population centers.

Just north of Puerto Vallarta, along a stunning stretch of coast know as The Riviera Nayarit, the Mexican government is investing $1.5 billion to improve accessibility and develop tourism

Coal may be a dirty word in the clean energy movement. But David Fessler says the realities of global energy markets means it is going to be a key source of power in the coming decades. He says investors should include coal in their energy portfolio, and recommends three of the best ways to do it.

This from Investment U:

The Obama administration has made a big deal about renewable energy. Over the next several years, the new President has plans to spend roughly $150 billion promoting and enabling its growth. And with $700 billion flowing from the United States into OPEC’s pockets every year, I don’t think you’ll get much of an argument from anyone about the timeliness or the need for renewables.

But even with massive amounts of capital investment - and widespread adoption by utilities and end users - renewable energy will still only account for roughly